LASSID MINISTRIES INC DBA CONVERGENCE R (EIN 043698740) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

DR DEBBIE LASSITER

Phone

4149790591

Tax Period

2023-01-01 to 2023-12-31

LASSID MINISTRIES INC DBA CONVERGENCE R, founded in 2004, is a small nonprofit in the Religion sector that reported $508K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

PROVIDES SERVICES TO WOMEN REBUILDING THEIR LIVES AFTER TRAUMA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $491,091

Program Service Revenue $6,805

Investment Income $0

Other Revenue $10,492

TOTAL REVENUE $508,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,399

Fundraising Expenses $19,790

Program Expenses $396,704

Other Expenses $217,484

TOTAL EXPENSES $518,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,388	$571,079	-0.1%
Expenses	$518,883	$639,418	-0.2%
Net Income	$-10,495	$-68,339	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$141,772

Total Directors

$77,072

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR THELMA NEWBY	CHAIR	5.00	Officer Director	$0	$0	$0
ARNOLD CIFAX SR	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KEN HAYES	TREASURER	5.00	Officer Director	$0	$0	$0
SHIRLEY MALLETT	DIRECTOR	2.00	Director	$0	$0	$0
DR DEBBIE LASSITER	CEO, DIRECTOR	40.00	Officer Director	$74,972	$2,100	$77,072
PENNY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
JASON FIELDS	DIRECTOR	2.00	Director	$0	$0	$0
GENEVIEVE O'SULLIVAN CROWLEY	DIRECTOR	2.00	Director	$0	$0	$0
CARLA MCKIVER	CFO	40.00	Officer	$60,000	$4,700	$64,700

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$508,388	$518,883	$113,962	$-10,495
2022	$590,307	$625,527	$239,416	$-35,220
2022	$571,079	$639,418	$200,440	$-68,339
2021	$539,899	$523,181	$120,553	$16,718
2021	$561,022	$530,471	$76,285	$30,551
2020	$465,349	$477,340	$45,734	$-11,991
2019	$277,279	$290,968	$57,725	$-13,689

LASSID MINISTRIES INC DBA CONVERGENCE R